Last two years have witnessed the introduction of several new policies, as well as amendments to the existing acts in India’s real estate sector. Although the Indian government aimed at bringing favourable changes with these amendments, it turned out otherwise.
Policies like Real Estate Regulatory Act (RERA), Goods and Services Tax (GST), and demonetization, were implemented to boost the Indian realty market. However, these policies left a whammy and the new launches saw a fall by 50 per cent, in 2017.
While the realty market in other cities is witnessing a glooming season, Hyderabad is emerging as one of the most promising options for investors. Developers are adopting the policies quite well and the city has been casting back positive signs of growth, this year.
With implementation of RERA, Hyderabad-based developers are shifting their focus on creating affordable housing. Besides the real estate market is on an upswing, the city is also becoming a destination of premium luxurious homes.
The villas in Hyderabad are defined with best-in-class amenities and specifications. The leading realtors of the city, like Ramky Group, Modi Builders Group and NCC Urban are dedicated towards erecting residential spaces that are not just affordable, but luxurious too. These realtors aim to offer the finest lifestyle to the dwellers.
For instance, Ramky One Galaxia by renowned builders, Ramky Group is a luxurious apartments in the Nallagandla Gachibowli region of Hyderabad. It has top-notch amenities and specifications, including marble flooring in the living and dining rooms, and laminated wooden flooring in bedrooms. The apartments are air-conditioned and comprise of power back-up facility, a playground for children, an intercom facility, a club house and a sports facility.
Likewise, Modi Builders’ Golden County is a perfect blend of magnificence and comfort. It is located in Rampally, Ghatkesar. The project villas are spread over the area of 30 acres and equipped with amenities like clubhouse, swimming pool, ultra-modern gymnasium, indoor and outdoor games, and children’s play area, among others. These luxurious spaces are available at affordable prices of around Rs 57 Lakhs.
Another example of villas in Hyderabad include NCC Urban Gardenia by NCC Urban, which is located in Gachibowli. The project is packed with exclusive amenities, including servant quarters, swimming pool, landscaped gardens, and gymnasium.
Although the luxuries are assumed to be for elites, these realtors are changing the way people perceive it. They are moving to the promising areas and creating extravagant houses in affordable prices.
Owing to the initiatives of these realtors, Hyderabad is not just becoming the destination of super luxury homes, but is also emerging as the No.1 city across India.